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bons i think with the re-election of president obama it pretty much insurances you will have low-interest rates for the next 18 to 24 months at least on the shored end of the yield curve. but i think bonds you need to have a very specific idea in terms of investing the fixed income side of your asset allocation because i don't know how much below 0 interest rates can go. and if the economy starts to get better, i think interest rates will go up. >> all right. given us a lot to think b jeff, as always, thank you so much. jeff saut, chief investment strategist at raymond james. >> tom: still ahead, tonight's word on the street: "special." with more companies announcing special dividends: just how special are they? >> tom: more companies joined the end of year rush today to pay shareholders a one-time "special" dividend or move up 2013 payouts. the actions reward investors with an extra check before tax rates likely increase in 2013. late today oracle accelerated cash payments from next year's second, third, and fourth quarters. hospital operator h.c.a. satellite t.v. company dish network, a
bons i think with the re-election of president obama it pretty much insurances you will have low-interest rates for the next 18 to 24 months at least on the shored end of the yield curve. but i think bonds you need to have a very specific idea in terms of investing the fixed income side of your asset allocation because i don't know how much below 0 interest rates can go. and if the economy starts to get better, i think interest rates will go up. >> all right. given us a lot to think b...
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election in the second term presidency. so john boehner is active to be speaker the next four years hopefully this is the beginning of a productive relationship. >> host: you made some news last week -- >> guest: not intentionally. [laughter] >> host: when you said republicans should agree with the president, go ahead and extend the tax cuts for 98% of americans and fight leader on for extending those tax cuts for wealthier americans. given what was put out by speaker boehner yesterday, did that change your position? >> guest: not at all. i think that's the smart thing to do. it's the right thing to do. the two sides agreed that we don't want to raise taxes on 98% of the american people. we should agree to take them out of the line of fire so to speak. i want them to follow the the date. i want them to be engaged in the the date. i think they will come to our side of the date. but if they are worried in the next 30 days their taxes are going to go up, if they don't have a lot of confidence any way, mishandling things, and i
election in the second term presidency. so john boehner is active to be speaker the next four years hopefully this is the beginning of a productive relationship. >> host: you made some news last week -- >> guest: not intentionally. [laughter] >> host: when you said republicans should agree with the president, go ahead and extend the tax cuts for 98% of americans and fight leader on for extending those tax cuts for wealthier americans. given what was put out by speaker boehner...
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and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were more tax cuts. president clinton handed him a $236 billion surplus. a surplus. and left office with a $1.2 trillion deficit. but he just had to keep those tax cuts coming, but something remarkable may be happening in our politics. we're on the verge of something big. after decades of silliness, this lock-step republican fantasy that has hurt our country, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is s
and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who...
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we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the congress then gets its act together to fix it and lower rates on the middle class, you will have the republicans essentially responsible for raising tax rates on the middle class. i can't imagine, again, bill krystal said this yesterday. i can't imagine why the republicans would want to be known as raising tacks xes on t middle class. >> thank you both. next, the president reacts to speaker boehner. stay with us. this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just
we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the...
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here he is. >> they won the election. they must have forgotten that republicans continue to hold the majority in the house, but the president's idea of negotiation is roll over and do what i ask. >> objection. >> we need to find common ground and find it quickly. >> oh shut up. >> stephanie: common ground -- >> common ground do what i tell you to do. >> stephanie: how about the same thing you just -- >> yeah. >> stephanie: tom [ inaudible ] republican of oklahoma. >> i'm certain if this is not good enough for the white house, we will go over the fiscal cliff. this is a compromise on taxes -- >> stephanie: no it's not. and the aforementioned drama queen, lindsay gram. >> i'm pretty sure we have going over the cliff. >> good heavens! >> stephanie: oh, my god! i think we're going over the [ inaudible ] -- [ screaming ] >> stephanie: thank got i still have tara. >> are you implying that lindsay graham has warn pearls in his life? >> stephanie: no! >> his real name is ashley. [ laughter ] >> stephanie: frankly he does give a d
here he is. >> they won the election. they must have forgotten that republicans continue to hold the majority in the house, but the president's idea of negotiation is roll over and do what i ask. >> objection. >> we need to find common ground and find it quickly. >> oh shut up. >> stephanie: common ground -- >> common ground do what i tell you to do. >> stephanie: how about the same thing you just -- >> yeah. >> stephanie: tom [ inaudible ]...
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yes, well he won the election. he said we could respond in kind, and what we're pitting forward is a credible plan. >> it's a serious plan. >> stephanie: he said he last talked to the president on wednesday. and might run into him at tonight's holiday party. >> oh great. >> stephanie: awkward. say it with mebp [♪ theme music ♪] >> stephanie: hello, current tv world. here we are. what? i was confused. >> by what? >> stephanie: we have representative sandy -- >> levin. >> stephanie: i was not going to mispronounce that. >> okay. >> stephanie: it is a bad nightmare repeating, isn't it jacki? >> the fiscal cliff negotiations? >> stephanie: yes. >> i love that they don't include the tax cuts for the middle class or the expiration for the bush tax cuts for the top 2%. and they are like here is our offer. if you are going to make a deal at least deal something somebody actually wants. >> yeah. >> stephanie: serious plan. they are like they won the election. >> it is totally farfetched and they are like i don't underst
yes, well he won the election. he said we could respond in kind, and what we're pitting forward is a credible plan. >> it's a serious plan. >> stephanie: he said he last talked to the president on wednesday. and might run into him at tonight's holiday party. >> oh great. >> stephanie: awkward. say it with mebp [♪ theme music ♪] >> stephanie: hello, current tv world. here we are. what? i was confused. >> by what? >> stephanie: we have representative...
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president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put it in place, caps, specific numbers, that could be worked on next year. essentially you're going to bank specific things the white house would give. perhaps an increase in the medicare age. perhaps a change in the cpi in terms of how social security is doled out. the idea that's what the plan would possibly look like. that was a movement more towards the center. as president obama said it's unacceptable. when i was walking over here i spoke to a senior republican senator and he pretty much said look, we accept that eventually these rates on th
president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. ♪ â™
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they lost this election! >> you know, the other piece is that they talk about having, this big deal of having a downpayment. do you the downpayment. this year. and then next year, you really figure out how to reform the tax code and all of that. but in the downpayment and this is key house republicans are asking for medicare savings. now, you'll remember during the campaign they said if you're receiving medicare now you're a current beneficiary, nothing will change of the now we have a different tune. they're asking for savings today, not ten years from now. >> bill: this is the so-called entitlement reform. so you really do have a case -- we've made this point so many times, the republicans not accepting the fact that the american people have spoken. that was the whole purpose of putting everything off until after the election. >> that's right. >> bill: because then we would have -- american people have chosen the course. i was at the white house where jay carney said yet again the president will never sign
they lost this election! >> you know, the other piece is that they talk about having, this big deal of having a downpayment. do you the downpayment. this year. and then next year, you really figure out how to reform the tax code and all of that. but in the downpayment and this is key house republicans are asking for medicare savings. now, you'll remember during the campaign they said if you're receiving medicare now you're a current beneficiary, nothing will change of the now we have a...
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election. which is we are going to put revenue on the table. that is an enormous step forward by the republicans. not something we want to do but something we recognize we have to do to get there. i think the proposal to rex us toward where the real problems are which is entitlement spending. we cannot solve this with just revenue. while we like the paul ryan budget, the speaker basically picked up elements of some of the proposal from erskine bowles in an effort to try to reach forward. i think the speaker should be given a lot of credit for a great opening position. host: so, loopholes and deductions that. does that violate the pledge to not raise taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really s
election. which is we are going to put revenue on the table. that is an enormous step forward by the republicans. not something we want to do but something we recognize we have to do to get there. i think the proposal to rex us toward where the real problems are which is entitlement spending. we cannot solve this with just revenue. while we like the paul ryan budget, the speaker basically picked up elements of some of the proposal from erskine bowles in an effort to try to reach forward. i...
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. >> members elect raise your right hands and repeat after me. >> reporter: with that, california's new assembly was sworn in today with democrats dominating with 55 of the 80 members. families with young children crowded the floor with the rest of the family often waving on from up above. freshmen assemblyman frank bigelow from madera county said he was humbled by the whole process. >> yesterday i was slogging in the mud feeding cows and today here i am being sworn in as a representative of the people of the state of california. >> reporter: with the largest freshman class since 1934, the first couple of years could be rocky with so many lacking experience. even senate president darrell steinberg says it took him a while when he was elected in 1998. >> i didn't really learn how to be a legislator until my fifth or sixth year in the assembly. that's how long it took me until i really understood it, understood the relationship between the two houses, the executive branch, all the nuances that make you more effective. >> reporter: but the newest members argue their new perspective is exac
. >> members elect raise your right hands and repeat after me. >> reporter: with that, california's new assembly was sworn in today with democrats dominating with 55 of the 80 members. families with young children crowded the floor with the rest of the family often waving on from up above. freshmen assemblyman frank bigelow from madera county said he was humbled by the whole process. >> yesterday i was slogging in the mud feeding cows and today here i am being sworn in as a...
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she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we shouldn't have tax increases in this country no matter what, no matter how, no way. then we'll have republican tom cole on, who broke ranks with the republican party, who says, let's extend the bush tax cuts for people making under $250,000 a year and do the rest of it later. something sort of like what the president had put forth. so both of those sides tonight. and then we'll talk about the movie "zero dark 30," already getting oscar buzz, about the raid and capture of osama bin laden. there was all of this concern about whether there was classified information that was lin
she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we...
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. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit
. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that...
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i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath you, 27 days and 12 hours. gentlemen, appreciate your time. thanks so much. >> thank you. governors gilmore and davis. >>> let's get to brian sullivan with the market flash. brian? >>> perhaps not happy here, carl, pby is falling today. they swupg to a third quarter loss. you can see the stock is down 13%, $6.8 million loss, basically 13 cents per adjusted share of a loss. wall street was expecting a prof profit. sales fell 2.4% quarter over quarter. of course the whole autoparts phase with a lot of action around this name, pby has been stuck in an $8 to $12 range for the better par
i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath...
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or in the course of the election? >> no. i support the president totally but no, i think it's still in a, for lack of a better term, in a class warfare mode, on both sides. on both sides. and i think that bringing it home, thinking about what you're really going to tell that person in the aisle of a wal-mart or a waffle house or wherever you see them about this really takes, you can take a lot of the sting out of this thing by -- there's other people here who have political things that may or may not have raised taxes but the secret was give them something for what it is you're asking more. not just the mons for the nashville or the mons for the washington wants more of your money. >> i agree, governor, that makes great sense. one area that should work is road improvements and highway improvements. simpson bowles suggested raising the gas tax 15.5%. highway trust fund is in a negative balance. it's taken from the general fund, which it isn't supposed to do but you have universal opposition to raising the gas tax. it m
or in the course of the election? >> no. i support the president totally but no, i think it's still in a, for lack of a better term, in a class warfare mode, on both sides. on both sides. and i think that bringing it home, thinking about what you're really going to tell that person in the aisle of a wal-mart or a waffle house or wherever you see them about this really takes, you can take a lot of the sting out of this thing by -- there's other people here who have political things that...
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as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from that/ you need to find ways to dedicate the revenue projections and have enforcement mechanisms to make sure that any plan, all this proposal stay on track and are used for what they are intended to do, because there's not much trust if what you are linking it to is reducing the deficit. >> you can continue to what's this event online at c-span.org. we are leaving now as the house is gambling in for what will likely be a short
as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to...
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the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50, 60 years before we got one that worked. and actually back in the year 2000, and again in 2008, you have no option in the end. the only thing that works is to make it credible if we shape the negotiations. give it some shape so that we can see this is where it's going to go. >> dr. brzezinski says that we can never sit back and lit the israelis and palestinians do 0 this by themselves because we'll be waiting forever. >> do you agree with that assessment? >> i do. because of what's happening in egypt, and then you have syria, the region is in tota
the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50,...
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so did the president about health care reform and he got elected. so i'm not surprised about this at all and i think it's par for the course in washington. it really doesn't matter what the truth is. it matters how loyal you are to your party or your party affiliation. >> steve: whoppers aplenty. >> exactly. >> steve: laura ingraham, always a pleasure, thank you very much. have a great week. >> gretchen: coming up next, a new push by atheists to end a popular prayer group on capitol hill. they say it's in the american people's best interest. do they have a case? >> steve: then the pregnant princess hospitalized. we're live in london with the very latest. stick around [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day
so did the president about health care reform and he got elected. so i'm not surprised about this at all and i think it's par for the course in washington. it really doesn't matter what the truth is. it matters how loyal you are to your party or your party affiliation. >> steve: whoppers aplenty. >> exactly. >> steve: laura ingraham, always a pleasure, thank you very much. have a great week. >> gretchen: coming up next, a new push by atheists to end a popular prayer...